By David Morgan, Richard Cowan and Moira Warburton WASHINGTON (Reuters) – A divided U.S. House of Representatives passed a bill to suspend the $31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition led by hardline conservatives and avoid a catastrophic default. The Republican-controlled House voted 314-117 to…
WASHINGTON (Reuters) – A majority of the U.S. House of Representatives voted on Wednesday to approve a bipartisan bill to suspend the government’s $31.4 trillion debt ceiling, just five days before the deadline to avoid a crippling default. Voting continued on the legislation, which must also be approved by the Democratic-majority Senate before President Joe…
TAIPEI (Reuters) -Taiwan and the United States will sign the first deal under a new trade talks framework on Thursday, both governments said, boosting ties between the two at a time of heightened tensions with China over the democratically-governed island. Taiwan and the United States started talks under what is called the U.S.-Taiwan Initiative on…
By Siddharth Cavale BENTONVILLE, Ark. (Reuters) – Walmart investors voted against all nine shareholder-led proposals during the retail giant’s annual meeting on Wednesday, a preliminary tally by the company showed. Shareholders were asked to vote on a number of issues including revealing its exposure to China and conducting an independent review of its safety practices…
By Siddharth Cavale BENTONVILLE, Ark. (Reuters) – Walmart investors voted against all nine shareholder-led proposals during the retail giant’s annual meeting on Wednesday, a preliminary tally by the company showed. Shareholders were asked to vote on a number of issues including revealing its exposure to China and conducting an independent review of its safety practices…
By James Oliphant COUNCIL BLUFFS, Iowa (Reuters) – For Florida Governor Ron DeSantis, campaigning for president in Iowa meant coming to a place like the Grass Wagon, a no-frills, dimly lit reception hall where about 300 people on Wednesday awaited him, more curious voters than ardent supporters. DeSantis was on the second day of his…
SEOUL (Reuters) – South Korea’s factory activity shrank for an 11th consecutive month in May, slumping into its longest downtrend in 14 years, a survey showed on Thursday, as a slowing global economy hit output and orders and ratcheted up pressure on manufacturers. The S&P Global’s seasonally adjusted purchasing managers’ index (PMI) for South Korean…
TOKYO – Japan’s factory activity expanded in May for the first time in seven months thanks to increases in output and new orders and buoyed by a positive outlook for the year ahead, a private sector survey showed on Thursday. The final au Jibun Bank Japan manufacturing purchasing managers’ index stood at 50.6, its first…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla Inc has doubled discounts on some already made new Model 3 electric cars and offered discounts on the Model Y and others in its U.S. inventory to entice buyers amid economic uncertainty, rising competition and the upcoming redesign of its mainstay model. In California, a Model 3…
By David Kirton SHENZHEN, China (Reuters) – For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder. Before 2019, there were few major impediments to having a Chinese company that did business in the U.S. from China. But amid escalating U.S.-Sino trade tensions, particularly after Washington slapped sanctions on telecom giant…